During the past 12 months, the percentage of American adults who hold cryptocurrency has stayed stable, with a sizable chunk appearing to be “frustrated” by the unfairness of the world’s financial system.
- 80% of adult Americans in the United States think that the financial system is biased in favor of wealthy interests, and 67% want it to be reformed.
- According to the survey, 76% of respondents think blockchain and cryptocurrency are the future, and 65% of current crypto investors think the market’s finest days are still to come.
Survey Report
According to a recent survey, 20% of American adults presently possess cryptocurrencies, while an astounding 80% of Americans believe the financial system favors those with “strong interests.” Over 2,000 American adults were surveyed online in February by the cryptocurrency exchange Coinbase. The results showed that 80% of respondents believed the “global financial system unfairly benefits strong interests” and that 67% wanted “substantial adjustments” or a “full overhaul” of the financial system.
Business intelligence company Morning Consult examined how American adults and cryptocurrency investors felt about the future of the cryptocurrency market, exchanges, and global financial system. 1/3rd of respondents indicated they planned to acquire, sell, or trade cryptocurrency in the coming year, and 20% said they still possess cryptocurrency despite recent FUD and negative headlines from the cryptocurrency field.
Morning Consult Report
According to Morning Consult, the percentages have fluctuated between 17% and 20% over the previous 12 months, remaining constant each quarter since January 2022. This suggests that the recent market turbulence may not have affected US retail investors’ confidence in cryptocurrencies.
“The future of cryptocurrencies has good grounds for optimism. People across the board are dissatisfied by the banking system’s inequity and eager for change, “Morning Consult added: “Crypto-investors and younger generations of Americans continue to hold the view that cryptocurrencies are a good long-term investment that could have positive societal effects.”
Younger adults continue to have a strong interest in cryptocurrencies. According to the survey, 36% of Gen Z (born between 1997 and 2013) and 30% of Millennials (born between 1981 and 1996) are cryptocurrency owners.
Minority groups were also discovered to be more inclined to have good opinions about cryptocurrency and to be hopeful about the future of the asset.
Compared to white people, black and Hispanic adults are more likely to favor cryptocurrencies and are more confident that “cryptocurrency and blockchain represent the future” than any other demographic.
Current Statistics
Existing cryptocurrency investors are likewise upbeat about the future; 76% still think that cryptocurrencies and blockchain technology represent the future, and 65% believe that the market’s best days are still to come.
Several market watchers predict that the next bull run will start when China modifies its stance on cryptocurrency. Nonetheless, the survey found that if exchanges were more dependable and secure, more Americans would be eager to trade. Sixty-seven percent of the general public deemed reliable and secure exchanges essential. In contrast, 91% of bitcoin investors concurred that the business needs a dependable, safe platform.
“How Americans perceive the reliability of exchanges-largely-informs their aspirations to own cryptocurrency,” claims Morning Consult. “If Americans feel exchanges are secure, they are more likely to invest in crypto in the future.” On February 10 and February 14, Morning Consult conducted a study using a national sample of 2,202 Americans and an oversample of 500 American bitcoin investors.
